NTPC may test Rs 100-115: Nevneet Daga

Navneet Daga of KR Choksey Securities told CNBC-TV18, "One should not be catching a falling knife in NTPC. One has seen the huge amount of shorting pressure and kind off open interest built up we have seen today, it is looking likely that the stock might head further on the downside towards Rs 100-115 odd levels."

"We believe that until the stock stabilises, one should not catch at the falling knife and one should wait patiently for at least Rs 112 kind off levels to be approaching in this particular counter," he said.

Disclosure: Analyst has recommended Crompton Greaves as well as Hindalco Industries.